Travelling to Nepal? Indians and Nepalese can now carry ₹200 and ₹500 notes
The Nepal Rastra Bank (NRB) announced that Indian and Nepalese citizens can now carry ₹200 and ₹500 notes issued after November 9, 2016, while adhering to a limit of ₹25,000 per person. This change aims to facilitate travel for Indian tourists and assist Nepalese traders who frequently engage in transactions with India. The NRB also clarified that Nepalese citizens can only bring Indian currency into Nepal from India and must declare amounts exceeding USD 5,000 upon arrival.